Binance, the world’s most prominent crypto exchange, says it is close to adding a much-anticipated margin-trading feature to its service following weeks of speculation.
The company tweeted confirmation of the upcoming feature in a screenshot that subtly teases the imminent arrival of margin-trading options. Binance CEO Changpeng Zhao (pictured above) first revealed the feature was headed to Binance during a live stream following a hack earlier this month that saw Binance lose around $40 million in Bitcoin.
TechCrunch understands that margin trading has been beta tested among select users. A Binance representative declined to comment on the specifics, but did confirm that margin trading will be available on Binance.com “soon.”
Margin trading, which lets traders use their balance as collateral to super-size their buying power, is seen by many as an important growth vector for … Read the rest